Since 1998, public firms have had to adapt to a market environment that is verydifferent from the post-war era in Europe. The liberalisation of services of generaleconomic interest across Europe led to competition between public and privateproviders, while new technologies require infrastructure investment and innovativesolutions. In addition, urbanisation and population ageing pose new challenges ...
We analyse the first twenty years of the euro both from an economic and an institutional perspective. We find that in particular during the period since the financial crisis, convergence as measured by a variety of indicators has not improved. Design flaws in the Eurozone institutional architecture have contributed importantly to this lack of convergence. This is why further reforms are urgently needed. ...
Structural VAR models are frequently identified using sign restrictions on contemporaneous impulse responses. We develop a methodology that can handle a set of prior distributions that is much larger than the one currently allowed for by traditional methods. We then develop an importance sampler that explores the posterior distribution just as conveniently as with traditional approaches. This makes ...
Based on extensive positive feedback from our users, we have decided to send the SOEPnewsletter in a simple and easily readable HTML format from now on. We would be glad about your feedback. It will then mainly receive links to the news and content available on our website. Please visit the current SOEPnewsletter in our common web design as a one page pdf document
